Abnormal immune responses of the innate immune system can cause autoimmune diseases, which can damage body tissues and lead to abnormal organ functions. Immunological complications due to physiological processes within the human body result in autoimmune diseases. These diseases are characterized by chronic inflammatory processes that activate the innate immune system and the production of antibodies that destroy host tissues. These inflammatory processes can be caused by genetic or environmental factors or infections.

The increasing fashion consciousness of consumers across the world has been triggering the sales of cosmetic serums in the hair care segment. With changing styles and trends, consumers' desire to be fashionable has been increasing, which is, in turn, motivating them to use hair serum products. The growing organized retail sectors have also been contributing to the market's growth. The easy availability of a wide range of products and brands in retail stores attracts end-users.

Herbal tea is made by boiling or steeping herbs, and is an infusion made from a plant other than Camellia sinensis. Flower tisanes such as chamomile, lavender, hibiscus, and rose are usually used for making herbal teas. Even leaf tisane such as mint, lemongrass, French verbena, and lemon balm can be used for making herbal teas. Other tisanes used to blend herbal tea are root tisanes, fruit tisanes, and seed or spice tisanes.

Health insurance is a type of insurance where the insurer pays the medical expenses on behalf of the insured. The insurer has to pay a monthly premium to the health insurance company, which can be on a monthly, quarterly, or annual basis. Health insurance covers disability and long term nursing. The healthcare providers cover the costs related to medical treatments, drugs, and other expenses. The coverage depends on the health insurance plan taken by the insurer. Health insurance plans are provided through direct-insurance companies, independent brokers, and employersponsored programs. Beside the premiums being paid by the insurer, there are other additional costs that are taken into consideration in health insurance coverage that includes co-insurance, co-payments, deductibles, and stop loss limits.

The industry concentration in the pregnancy detection market has drastically increased in recent years due to growing awareness of the product worldwide,especially in developing countries such as India. This trend will continue over the next five years as the individual spending level rises and people increasingly opt for solutions that provide fast and accurate results.The growing popularity of pecialty stores and online retailers will attract customers from medical stores, pharmacies, and retail stores, thereby cannibalizing thesedistribution channels during the forecast period.The increasing number of marketing initiatives, especially social media initiatives,has created awareness and buzz among consumers. This has helped the online channels raise revenue, as well as achieve more traffic.After the Zika outbreak, the FDA has authorized labs to use Zika detection kits by InBios. The product is proposed for the resumptive detection of Zika virus, IgM antibodies, in human sera collected from people meeting the clinical and epidemiological criteria. The kit contains all the necessary reagents required to perform the assay and attain results in four hours or less. Additional testing ismandatory to confirm positive results from this assay. These inventions will improve the overall diagnostics market, thereby benefiting the pregnancy detection segment.

In this report, Technavio covers the present scenario and growth prospects of the global positive airway pressure devices market for 2016-2020 (base year: 2015).Positive airway pressure devices are mainly used by individuals who are suffering from sleep apnea, but now these devices are widely used in intensive care units as a form of ventilation.

Approximately 70% of global blood banks use radio-frequency identification (RFID) blood monitoring systems for individual safety.The need to reduce blood transfusion errors will drive the adoption rate. In 2012,the Transfusion Medicine RFID Consortium stated that the use of RFID results in approximately 33% reduction in misplacement of products at blood donation points, as well as an 87% decrease in reconciliation issues or misplacement of products at hospitals.The increasing complications associated with blood transfusion errors will compel hospitals and blood banks to adopt RFID blood monitoring systems.The emergence of ultra-high-frequency tags will drive the market growth owing to their enhanced features such as increased speed and accuracy.The endorsements of RFID blood monitoring systems by blood banks will increase the penetration rate.

截止到 2017 年 3 月 3 日我们采用一年滚动市盈率（TTM，整体法），剔除负值影响，医药生物整体市盈率处在 40.52 倍，与上周相比略有下降，低于历史估值均值（40.61 倍）。截止到 2017 年 3 月 3 日，医药行业相对于全部 A 股的溢价比例为 2.08 倍，比上周略有下降。本周医疗器械板块涨幅较大，生物制品板块略有上涨，其他板块有所下跌，医疗服务跌幅居前。

上周医药生物板块下跌 1.09%，沪深 300 指数下跌 1.32%，医药生物板块跑赢大盘 0.23 个百分点，处于申万 28 个子行业涨跌幅靠后位置。考虑到医药行业目前相对 A 股估值溢价率已处于低位，行业整体增速虽然短期难有大幅提升可能，但相对于其他行业仍然具有明显比较优势，长期稳定成长确定性强，特别是一些龙头个股业绩增长稳定，且估值合理，可逢低关注。